Short Interest in Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) Expands By 198.8%

Franklin Investment Grade Corporate ETF (NYSEARCA:FLCO) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 62,857 shares, a growth of 198.8% from the November 30th total of 21,036 shares. Based on an average daily volume of 56,739 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 56,739 shares, the short-interest ratio is currently 1.1 days.

Franklin Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA:FLCO opened at $21.69 on Friday. The company’s fifty day moving average is $21.78 and its two-hundred day moving average is $21.67. Franklin Investment Grade Corporate ETF has a 12-month low of $20.59 and a 12-month high of $22.10.

Institutional Investors Weigh In On Franklin Investment Grade Corporate ETF

Hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in Franklin Investment Grade Corporate ETF by 7.1% during the 2nd quarter. Franklin Resources Inc. now owns 15,744,173 shares of the company’s stock valued at $339,838,000 after acquiring an additional 1,041,806 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Franklin Investment Grade Corporate ETF by 5.7% during the second quarter. Hantz Financial Services Inc. now owns 5,110,382 shares of the company’s stock worth $110,308,000 after purchasing an additional 277,363 shares during the period. Citadel Advisors LLC grew its position in Franklin Investment Grade Corporate ETF by 151.4% during the third quarter. Citadel Advisors LLC now owns 206,417 shares of the company’s stock valued at $4,516,000 after purchasing an additional 124,317 shares in the last quarter. Sequent Planning LLC purchased a new position in Franklin Investment Grade Corporate ETF during the third quarter valued at approximately $2,301,000. Finally, Flow Traders U.S. LLC acquired a new position in Franklin Investment Grade Corporate ETF in the 3rd quarter valued at approximately $1,660,000.

Franklin Investment Grade Corporate ETF Company Profile

The Franklin Investment Grade Corporate ETF (FLCO) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. FLCO was launched on Oct 3, 2016 and is managed by Franklin Templeton.